Housing Market To “Spring Forward” This Year

//Housing Market To “Spring Forward” This Year

Housing Market To “Spring Forward” This Year

Housing Market To “Spring Forward” This Year | Simplifying The Market

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2015 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2016, let’s meet up to evaluate the opportunities in your market.

By | 2017-07-27T04:57:45+00:00 March 9th, 2016|Uncategorized|Comments Off on Housing Market To “Spring Forward” This Year

About the Author:

Gary & Stan's team of dedicated professionals at RE/MAX Estate Properties provide aggressive marketing, negotiation and transactional expertise with the sole mission of exceeding client expectations and consistently delivering superior results. Our combined 30+ years of local real estate experience, talents and hands on client attention; coupled with the market dominance and resources of RE/MAX Estate Properties, makes us an outstanding choice as your REALTORS. 3 BIG REASONS TO HIRE US TO SELL YOUR HOME Our performance record is better than the average agent. 1) MORE MONEY. We get you 2% more money then the average agent. 99% vs 97% 2) FASTER SALES. We sell homes one & a quarter times faster. 47 days on market vs 60 days 3) MORE LIKELY TO SELL. Our listings are 23% more likely to sell. 100% vs 77% Source: Facts & Trends Trendgraphix, Greater South Bay MLS.